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Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’
NYTimes ^
| 6-28-2015
| MICHAEL CORKERY and MARY WILLIAMS WALSH
Posted on 06/28/2015 6:37:41 PM PDT by tcrlaf
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To: tcrlaf
High-Speed Rail.
There’s the answer. If it’s good for California, then it’s good for Puerto Rico.
41
posted on
06/28/2015 8:01:11 PM PDT
by
blueunicorn6
("A crack shot and a good dancer")
To: tcrlaf
Hey, it worked really well for Argentina, Greece and Venezuela, etc. ... what could possibly go wrong with replacing old debt that couldn’t be repaid with new debt that won’t be repaid?
42
posted on
06/28/2015 8:05:21 PM PDT
by
RetiredTexasVet
(No matter the laws that get passed or the edicts given they are just queers, freaks and perverts.)
To: allendale
The _only_ way that the debt would become manageable is through spectacular inflation/devaluation. Or, “something else”. As an example, I believe that I have some unused 200 billion mark stamps from 1920’s Germany, that a kindly older neighbor stamp collector gave me when when I was a boy. I remember thinking back then in the 60’s, I could have probably bought a fairly good chunk of West Germany with that kind of money...had it been any good.
43
posted on
06/28/2015 8:05:49 PM PDT
by
The Antiyuppie
("When small men cast long shadows, then it is very late in the day".)
To: BobL
Puerto Ricans are U.S. Citizens.
44
posted on
06/28/2015 8:07:01 PM PDT
by
kabar
To: tcrlaf
Let me put on my liberal thinking cap and brainstorm. How about these ideas:
- Nationalize all private property worth more than $1M. Then sell it to the highest bidder. Repeat.
- Open the island to immigration from all countries. Immigration always brings prosperity even if you already have high unemployment.
- Price controls. I have no idea what that would do. But every tinhorn socialist in Latin American has tried it, so it must be good for something.
- Increase unemployment benefits ten-fold. Per Pelosi, that will stimulate the economy. Then raise taxes on unemployment benefits.
To: BRK
The good news is property is cheap. Wait for the economy to collapse, go down and buy a nice place on the beach.
Harder for Obozo’s stormtroopers to get to you down there.
46
posted on
06/28/2015 11:09:34 PM PDT
by
rikkir
(Anyone still believe the 8/08 Atlantic cover wasn't 100% accurate?)
To: GeronL
It has run out; nothing gets fixed, and the urban welfare hives start laying off cops & teachers...
They want casinos in Newark NJ now so they can move up to the status of Atlantic City (which is a dump).
47
posted on
06/29/2015 4:15:44 AM PDT
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: grania
We’ve lost a lot of bank jobs to southern states, and recently lost the Mercedes headquarters to Atlanta. None of those lost jobs are being replaced; I’m sure most of them are resulting in foreclosures in some very pricey areas...
There are “For Sale” signs everywhere here; rural Sussex County (bordering NY and PA in the northwest) had been a haven for those seeking relief from the crushing taxes now is bleeding population as well.
48
posted on
06/29/2015 4:18:12 AM PDT
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: beebuster2000
“uh, no. they are US citizens already”
You won’t think that if you go to New York City.
49
posted on
06/29/2015 5:16:29 AM PDT
by
BobL
(REPUBLICANS - Fight for the WHITE VOTE...and you will win (see my 'about' page))
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